All Forum Posts by: Todd Goedeke

@Dan Hawtree your biased comments regarding Checkbook IRA LlCs contradicts evidence from firms who have administered and set up Checkbook IRA LLCs. They have passed IRS audits in flying colors over last 15 years.

@Kristi K. have you paid taxes on the UBTI generated within the IRA due to leverage? Have you ever considered transfers g the IRA to a Solo 401k to avoid UBTI taxes?

@Stephen Nelson if the 2017 tax cuts are made permanent bonus depreciation will be 100% for 2025. 

Using total bonus 1st year depreciation of 35% means that a $550k property will yield  about 200k in deductions.

@Philip Barr just as important benefit and advantage for a Solo 401k is the ability to roll over old IRAs and old 401k plans to a Solo401k . Then you can buy and leverage real estate without The UBTI.

Less costly  to have a small amount of consulting income or income from being a part time Lyft or Uber driver to be able to open a Solo401k.

@Joe S.check into triple net leases at a 10 cap. That is, 10% times market value = yearly lease payment. It allows you to lock in a cash on cash return of 10-15%+. Leasee pays for taxes, maintenance , furnishings and insurance.

@Cody Caswell If I own or manage a STVR my number 1 priority regarding interior decorating is providing eye appealing pictures or video to attract reservations. Sanitized interior design does nothing to attract and keep potential renters attention. 
Focus more on amenities that will make a vacationers stay inviting to attract more bookings.

@Kenzer Hodgson look at renovating by putting an epoxy resin coating on countertops and vanity. It’s a DIY project for crafty people. Or hire a pro. Check out this You Tube channel. Sivita Art by Iliana Deltcheva for examples.

@James Carlson nice article. Now tell us what the net revenues are after expenses. What’s their cash on cash return?

@Jon Mekeel you can find a good supply of cleaners by talking to assisted living property managers.

How long have you owned the property as an Airbnb? What has been your cash on cash return annualized?